You are considering starting a company in the home furnishin…

You are considering starting a company in the home furnishings industry. You feel like the competition in that industry is particularly weak and that you have some statistical knowledge that most of the marketplace is lacking. You feel that in a very short time and with minimal effort you can quickly be one of the better “players” in that industry. This is similar to what lesson Nate Silver offers from poker?

In order to demonstrate that a personality test (e.g., extra…

In order to demonstrate that a personality test (e.g., extraversion) is a valid predictor of success in a given job (e.g., sales), a consultant collects the extraversion scores from 100 current employees and correlates those scores with the employees most recent performance evaluations. This is an example of what form of validation?